Orosur Mining Inc. Reports Share Issuance Following RSU and Option Exercises
Orosur Mining Inc. (TSXV: OMI), a mineral‑exploration company focused on gold assets in Uruguay, Chile, and Argentina, announced on 4 November 2025 that it had issued 4,358,332 common shares as a result of the exercise of restricted stock units (RSUs) and options by directors and consultants. The new shares represent approximately 1.13 % of the company’s current issued share capital, increasing the total number of outstanding shares.
Details of the Exercise
| Executive | RSU/Option | Shares Issued | Notes |
|---|---|---|---|
| Brad George, CEO | 1,350,000 RSUs | 1,350,000 | All shares retained post‑exercise |
| Thomas Masney, Non‑Executive Director | 200,000 RSUs | 200,000 | All shares retained post‑exercise |
| Joaquin Sarroca, Commercial VP | 521,666 RSUs | 521,666 | All shares retained post‑exercise |
| Nick von Schirnding, Non‑Executive Director | 300,000 options (exercise price CAD 0.06) | 255,000 | Cashless exercise under the Equity Incentive Plan |
The cumulative exercise totals 3,123,332 RSUs and 1,280,000 options. Following the issuance, each executive retained their newly acquired shares and did not immediately dispose of them. The company’s Equity Incentive Plan provides the framework for these transactions, allowing employees to convert their vested units into shares without a cash outlay.
Market Impact and Share Price Context
The share issuance occurred shortly after the company’s closing price of CAD 0.36 on 3 November 2025, which sits between the 52‑week low of CAD 0.04 (21 November 2024) and the 52‑week high of CAD 0.58 (22 September 2025). The market cap remains at approximately CAD 113.9 million, and the price‑earnings ratio is currently negative at –25.245, reflecting the company’s status as a resource‑exploration entity with limited cash flow.
Company Position and Outlook
Orosur Mining continues to operate the San Gregorio gold mine in Uruguay, which provides a stable production base. In addition, the company has assembled an exploration portfolio across Uruguay, Chile, and Argentina, positioning it to potentially unlock new gold resources. The recent RSU and option exercises demonstrate management’s confidence in the company’s long‑term prospects, as executives have chosen to increase their equity stake rather than liquidate their holdings.
While the immediate effect of the share issuance dilutes existing shareholders, the infusion of capital—if any proceeds are retained—could support ongoing exploration and development activities. Investors will likely monitor the company’s production output, exploration milestones, and any future equity transactions to assess Orosur’s trajectory within the competitive metals and mining sector.
